China Eastern Airlines Corp., the nation’s third-largest airline, ordered $6.4 billion of single- aisle planes from Airbus Group NV to meet demand in a country set to become the world’s biggest aircraft market.
Tony Fernandes’s decision to ease growth plans at AirAsia Group is a rare display of caution following his expansion across the continent, as the region absorbs some of the largest aircraft orders of the past decade.
Airbus Group NV and Boeing Co. spent a week with Asian companies sounding more like cocktails than airlines, some of which didn’t exist a year ago, highlighting the region’s status as one of the most dynamic aircraft markets.
Rolls-Royce Holdings Plc said sales won’t grow this year for the first time in a decade as lower demand for defense equipment cuts into civil-aviation sales, sending the stock tumbling the most in more than 13 years.
AirAsia Bhd., the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to the 1930s.
Spring Airlines Co., China’s biggest non state-controlled carrier, has signed an accord with Airbus SAS for 30 additional A320 jets and may buy more as government policy shifts to favor discount airlines.
Boeing Co., maker of the world’s most popular commercial aircraft, is confident to book sales of its new 737 Max single-aisle jet at the Dubai Air Show to trim Airbus SAS’s lead in the region for short-range planes.
International Lease Finance Corp. is struggling to retrieve six Airbus SAS aircraft in India formerly operated by Kingfisher Airlines Ltd., saying it’s being “held hostage” by local government authorities.
Etihad Airways PJSC, the third- largest Middle Eastern airline, said it’s looking for purchases in the Americas and China to round out its strategy of buying airline stakes that funnel traffic through its Abu Dhabi hub.